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Australian Dollar Technical Outlook
Monday, 08 June 2009 14:08:26 GMT  |  Jamie Saettele, Senior Currency Strategist
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Australian Dollar / US Dollar
06-08-09Dailytechs-03

I wrote Thursday that “a flat correction could lead to a spike above .8096 before resumption of the bear.  If that happens, then look to go short against the high.”  The AUDUSD spiked to .8128 and reversed Friday morning.  Bears are favored against .8128.

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